Portage Health, LifePoint Hospitals Announce JV

The Portage Health Board of Directors and LifePoint Hospitals® LPNT have finalized their joint venture agreement to share ownership and operation of Portage Health. The joint venture will bring $60 million in capital improvements to Portage Health and approximately $40 million to fund a charitable foundation to support critical needs in the community. “We are pleased to finalize this joint venture and become part of LifePoint,” said Steve Zutter, chairman of the Portage Health board. “As we considered Portage Health's future, our board vetted a number of strategic partner options. This joint venture with LifePoint offered us a unique opportunity to share ownership of Portage Health and gain access to significant resources to grow See full press release